Oil Prices Rise on Facility Outage – 3 July, 2018

U.S. crude inventories fell in the week of June 29 by 4.5 million barrels to 416.9 million barrels due to declining fuel inventories and an outage at a facility which is expected to last through July as well as. Brent crude futures were up 6 cents to $77.82 per barrel, while West Texas Intermediate crude futures were up 0.6 percent and 46 cents to $74.60 per barrel.